9. The prices that a household receives for the resources it supplies to the economy determine that...

Question:

9. The prices that a household receives for the resources it supplies to the economy determine that household’s income. This income determines the household’s claim on the economy’s output. Those who have income to spend get the products produced in the market system.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

Question Posted: